Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) Declares Monthly Dividend of $0.04

Highland Funds I – Highland Opportunities and Income Fund (NYSE:HFRO) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Friday, May 24th will be given a dividend of 0.038 per share on Friday, May 31st. This represents a $0.46 annualized dividend and a yield of 6.87%. The ex-dividend date is Thursday, May 23rd.

Highland Funds I – Highland Opportunities and Income Fund Trading Up 3.6 %

Shares of HFRO traded up $0.23 during midday trading on Friday, hitting $6.64. The company’s stock had a trading volume of 271,819 shares, compared to its average volume of 357,423. Highland Funds I – Highland Opportunities and Income Fund has a one year low of $5.92 and a one year high of $9.38. The company’s fifty day simple moving average is $6.50 and its two-hundred day simple moving average is $7.19.

About Highland Funds I – Highland Opportunities and Income Fund

Highland Funds I – Highland Opportunities and Income Fund is a close-ended fixed income mutual fund launched by Highland Capital Management, L.P. It is managed by Highland Capital Management Fund Advisors, L.P. The fund invests in fixed income markets of countries across the globe. It primarily invests in floating rate loans and other securities deemed to be floating rate investments, with an emphasis on adjustable rate senior loans to corporations and partnerships.